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Europe Daily Bulletin No. 10911

31 August 2013
ECONOMY - FINANCE / (ae) italy
Compensating for IMU tax withdrawal by a cut in spending

Brussels, 30/08/2013 (Agence Europe) - The European Commission is waiting to find out the measures that the Italian government intends to take in order to make up the shortfall left due to the withdrawal of the IMU property tax - a withdrawal demanded by the government coalition party led by Silvio Berlusconi.

This decision shows that, “politically”, the Italian authorities are capable of taking decisions but, from a budgetary point of view this budgetary measure will have to be...